Millrock Resources (CVE:MRO) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Millrock Resources Inc. (CVE:MROGet Free Report)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.03 and traded as high as C$0.04. Millrock Resources shares last traded at C$0.04, with a volume of 635,000 shares.

Millrock Resources Price Performance

The company has a debt-to-equity ratio of 8.08, a quick ratio of 7.37 and a current ratio of 7.68. The firm has a 50-day moving average price of C$0.03 and a 200 day moving average price of C$0.04. The stock has a market capitalization of C$5.47 million, a P/E ratio of -5.00 and a beta of 0.03.

About Millrock Resources

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Millrock Resources Inc engages in the acquisition and exploration of mineral properties. It deposits for gold, copper, porphyry, silver, and other metals. The company holds an interest in the 64North Gold project covering an area of approximately 1,860 hectares; Chisna DragonSlayer project; and Apex El Nido covering an area of approximately 315 hectares located in Alaska. Millrock Resources Inc was incorporated in 1979 and is headquartered in Vancouver, Canada.

Further Reading

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